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The lira's crash 'looks certain to push the Turkish economy into recession and may well trigger a banking crisis'

THE LIRA'S CRASH 'LOOKS CERTAIN TO PUSH THE TURKISH ECONOMY INTO RECESSION AND MAY WELL TRIGGER A BANKING CRISIS'

The lira crisis is bad enough to push Turkey from 7% GDP growth into recession, according to Capital Economics. Contagion will be limited...

Q2 2018 GDP Details on Residential and Commercial Real Estate

Q2 2018 GDP DETAILS ON RESIDENTIAL AND COMMERCIAL REAL ESTATE

The BEA has released the underlying details for the Q2 advance GDP report. The BEA reported that investment in non-residential structures...

 
 
 
We Are About To See A Great, Big Debt-Fueled GDP Number For The 2nd Quarter, But There Is A Catch

WE ARE ABOUT TO SEE A GREAT, BIG DEBT-FUELED GDP NUMBER FOR THE 2ND QUARTER, BUT THERE IS A CATCH

What kind of number for GDP growth in the 2nd quarter will we get on Friday? The market consensus is somewhere around 4 percent, but...

Q2 GDP = 4.1%

Q2 GDP = 4.1%

The second-quarter GDP is out. The U.S. economy grew by 4.1% during the second three months of the yea r. The U.S. economy grew at...

 
 
 
GDP, OMG!

GDP, OMG!

The GDP got all sorts of attention today. The U.S. economy grew at a stellar rate of 4.1% in the second quarter. But what does that...

Trump takes victory lap after strong GDP report, predicts 'we're going to go a lot higher'

TRUMP TAKES VICTORY LAP AFTER STRONG GDP REPORT, PREDICTS 'WE'RE GOING TO GO A LOT HIGHER'

At a news conference Friday, President Donald Trump said he expected the US economy to grow even faster in the second half the year. A...

 
 
 
AP FACT CHECK: Trump skews claims on economy, GDP growth

AP FACT CHECK: TRUMP SKEWS CLAIMS ON ECONOMY, GDP GROWTH

WASHINGTON - President Donald Trump is prematurely claiming he proved naysayers wrong in boosting U.S. economic growth.

Cracks in the Economy

CRACKS IN THE ECONOMY

I want to be careful how I word this. From my view, the U.S. economy looks very good at the moment. On Friday, we'll get our first...

 
 
 
Wanna be a billionaire? Winning numbers drawn for $522 million Mega Millions jackpot

WANNA BE A BILLIONAIRE? WINNING NUMBERS DRAWN FOR $522 MILLION MEGA MILLIONS JACKPOT

If you've bought a Mega Millions lottery ticket, you might get your chance to own more money than the GDP of several tiny countries.

Gross Domestic Product by State: First Quarter 2018

GROSS DOMESTIC PRODUCT BY STATE: FIRST QUARTER 2018

Real gross domestic product increased in 48 states and the District of Columbia in the first quarter of 2018. The percent change in...

 
 
 
In Face Of Protectionism, EU And Japan Sign Huge Open-Trade Deal

IN FACE OF PROTECTIONISM, EU AND JAPAN SIGN HUGE OPEN-TRADE DEAL

Japan and the European Union have signed an agreement that creates an open trade zone for 600 million people. The parties account for...

Violence cost India's economy 9% of its GDP last year

VIOLENCE COST INDIA'S ECONOMY 9% OF ITS GDP LAST YEAR

According to India's Union Minister of State for Home, 822 incidents of communal violence took place last year. A report by the Institute...

 
 
 
US needs to be more welcoming to see more visitors and reverse decline

US NEEDS TO BE MORE WELCOMING TO SEE MORE VISITORS AND REVERSE DECLINE

Travel and tourism is an $8 trillion market - approximately 10% of the world's GDP, and is expected to increase by 44% in the next...

A July rate hike in Canada is 'a lot less of a done deal' after GDP slows

A JULY RATE HIKE IN CANADA IS 'A LOT LESS OF A DONE DEAL' AFTER GDP SLOWS

Canadian GDP grew 1.3% in the first quarter of 2018. A slowing housing market is weighing on economic activity. Some economists say...

 
 
 
US GDP revised slightly lower as consumer spending cools

US GDP REVISED SLIGHTLY LOWER AS CONSUMER SPENDING COOLS

The US economy's growth in the fourth quarter slowed even more than previously reported, a Commerce Department report released on Wednesday...

Schedule for Week of May 27, 2018

SCHEDULE FOR WEEK OF MAY 27, 2018

The key reports this week are the May employment report on Friday, and the second estimate of Q1 GDP on Wednesday. Other key indicators...

 
 
 
RANKED: The richest nations in the 2018 FIFA World Cup

RANKED: THE RICHEST NATIONS IN THE 2018 FIFA WORLD CUP

Reuters Soccer and money go hand in hand. The sport is watched in multiple territories around the world, and some of its most recognisable...

Q1 GDP: Investment

Q1 GDP: INVESTMENT

IMPORTANT NOTE: In the GDP report, real residential investment was unchanged in Q1. But residential investment as a percent GDP actually...

 
 
 
US states that would get hit the hardest by a trade war

US STATES THAT WOULD GET HIT THE HARDEST BY A TRADE WAR

AP/Carlos Osorio A potential trade war is heating up between the US and China. Six states rely on trade for more than 30% of their...

In 2017, Slovenia tourism was responsible for contributing 11.9 percent of the GDP

IN 2017, SLOVENIA TOURISM WAS RESPONSIBLE FOR CONTRIBUTING 11.9 PERCENT OF THE GDP

Slovenia's travel and tourism industry has indirectly churned out 11.9 percent of the GDP in 2017. The sector employed more than 101,500...